Meadow Creek Investment Management LLC Reduces Position in American International Group Inc (NYSE:AIG)

Meadow Creek Investment Management LLC lessened its stake in shares of American International Group Inc (NYSE:AIG) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,452 shares of the insurance provider’s stock after selling 1,258 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in American International Group were worth $1,409,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AIG. Clean Yield Group purchased a new stake in shares of American International Group during the second quarter valued at approximately $40,000. Rational Advisors LLC purchased a new stake in shares of American International Group during the first quarter valued at approximately $45,000. Meeder Asset Management Inc. boosted its stake in shares of American International Group by 3,353.8% during the second quarter. Meeder Asset Management Inc. now owns 898 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 872 shares during the period. Private Ocean LLC purchased a new stake in shares of American International Group during the second quarter valued at approximately $53,000. Finally, Exane Derivatives purchased a new stake in American International Group in the second quarter worth $58,000. 90.99% of the stock is owned by hedge funds and other institutional investors.

In other American International Group news, CEO Seraina Macia sold 7,550 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $56.00, for a total transaction of $422,800.00. Following the completion of the transaction, the chief executive officer now owns 11,055 shares of the company’s stock, valued at $619,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

American International Group stock traded up $0.49 on Friday, hitting $57.25. 67,013 shares of the stock traded hands, compared to its average volume of 3,242,876. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $48.28 billion, a P/E ratio of 48.90, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. The business’s fifty day simple moving average is $54.54 and its 200 day simple moving average is $50.45. American International Group Inc has a 1 year low of $36.16 and a 1 year high of $57.58.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.17 by $0.26. The business had revenue of $12.16 billion during the quarter, compared to analyst estimates of $12.07 billion. American International Group had a positive return on equity of 2.97% and a negative net margin of 0.24%. During the same quarter last year, the firm posted $1.05 earnings per share. As a group, analysts predict that American International Group Inc will post 5.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Monday, September 16th. American International Group’s dividend payout ratio is currently 109.40%.

A number of brokerages recently commented on AIG. William Blair raised American International Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods raised their price target on American International Group from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Sunday, July 7th. ValuEngine lowered American International Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price target on American International Group to $68.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $62.00 price target on shares of American International Group in a research note on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.03.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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